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社零增速及網購零售額增速情況-行業數據

社零增速及網購零售額增速情況
社零增速及網購零售額增速情況
我們認為，快遞業務量維持高增長，主要得益于直播電商等新興線上消費模式的快速增長及單包裹貨值下行帶動的件量增長。展望 2025 年，一方面網購消費滲透率進一步提升，另一方面網購消費行為的下沉化和碎片化推動了單快遞包裹實物商品網購額的下行，快遞行業相對上游電商仍有超額成長性。
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所屬報告： 醫藥行業原料藥2024及2025Q1業績綜述：保持韌性、優選彈性-250510.pdf
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